AIB chief: We will repay €21bn to the State

‘Impossible to say’ how long the process will take, committee told

AIB chief executive David Duffy has stressed that the bank will return the full €21bn it owes the State in bailout costs, but added it is “impossible to say” how long the process will take.

Addressing the Joint Oireachtas Finance Committee yesterday, Mr Duffy said that despite no legal requirement to do so, full repayment will be made. “It will take time, but that is our expectation,” he said.